UTBPX vs. PCEMX
Compare and contrast key facts about UBS Multi Income Bond Fund (UTBPX) and PACE International Emerging Markets Equity Investments (PCEMX).
UTBPX is managed by UBS. It was launched on Dec 19, 1972. PCEMX is managed by UBS. It was launched on Aug 23, 1995.
Performance
UTBPX vs. PCEMX - Performance Comparison
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UTBPX vs. PCEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTBPX UBS Multi Income Bond Fund | -1.29% | 6.60% | 1.67% | 6.67% | -11.74% | -1.49% | 6.51% | 10.62% | -2.08% | 4.81% |
PCEMX PACE International Emerging Markets Equity Investments | 0.24% | 36.75% | 4.15% | 10.33% | -18.97% | -1.79% | 20.13% | 19.01% | -16.42% | 34.14% |
Returns By Period
In the year-to-date period, UTBPX achieves a -1.29% return, which is significantly lower than PCEMX's 0.24% return.
UTBPX
- 1D
- 0.38%
- 1M
- -2.61%
- YTD
- -1.29%
- 6M
- -0.05%
- 1Y
- 3.65%
- 3Y*
- 3.65%
- 5Y*
- 0.50%
- 10Y*
- —
PCEMX
- 1D
- -0.99%
- 1M
- -14.42%
- YTD
- 0.24%
- 6M
- 4.50%
- 1Y
- 32.08%
- 3Y*
- 14.19%
- 5Y*
- 3.97%
- 10Y*
- 7.49%
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UTBPX vs. PCEMX - Expense Ratio Comparison
UTBPX has a 1.72% expense ratio, which is higher than PCEMX's 1.20% expense ratio.
Return for Risk
UTBPX vs. PCEMX — Risk / Return Rank
UTBPX
PCEMX
UTBPX vs. PCEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Multi Income Bond Fund (UTBPX) and PACE International Emerging Markets Equity Investments (PCEMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| UTBPX | PCEMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.82 | -0.96 |
Sortino ratioReturn per unit of downside risk | 1.22 | 2.31 | -1.09 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.36 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.34 | -1.15 |
Martin ratioReturn relative to average drawdown | 3.98 | 8.95 | -4.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UTBPX | PCEMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.82 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.24 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.23 | +0.20 |
Correlation
The correlation between UTBPX and PCEMX is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
UTBPX vs. PCEMX - Dividend Comparison
UTBPX's dividend yield for the trailing twelve months is around 4.63%, less than PCEMX's 4.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTBPX UBS Multi Income Bond Fund | 4.63% | 4.18% | 4.53% | 3.54% | 2.84% | 1.89% | 2.11% | 2.80% | 3.05% | 2.46% | 1.68% | 0.00% |
PCEMX PACE International Emerging Markets Equity Investments | 4.89% | 4.91% | 1.22% | 1.44% | 2.52% | 11.70% | 1.10% | 1.04% | 1.84% | 1.16% | 1.09% | 1.09% |
Drawdowns
UTBPX vs. PCEMX - Drawdown Comparison
The maximum UTBPX drawdown since its inception was -16.84%, smaller than the maximum PCEMX drawdown of -65.32%. Use the drawdown chart below to compare losses from any high point for UTBPX and PCEMX.
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Drawdown Indicators
| UTBPX | PCEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.84% | -65.32% | +48.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -14.42% | +11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -16.84% | -36.66% | +19.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.17% | — |
Current DrawdownCurrent decline from peak | -2.61% | -14.42% | +11.81% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -20.98% | +16.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 3.82% | -2.88% |
Volatility
UTBPX vs. PCEMX - Volatility Comparison
The current volatility for UBS Multi Income Bond Fund (UTBPX) is 1.94%, while PACE International Emerging Markets Equity Investments (PCEMX) has a volatility of 8.92%. This indicates that UTBPX experiences smaller price fluctuations and is considered to be less risky than PCEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTBPX | PCEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 8.92% | -6.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 13.34% | -10.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 18.15% | -13.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.81% | 17.07% | -12.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 17.29% | -12.95% |